4 results for “disallowance”+ Section 35(1)(iii)clear
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Bench: SANDEEP MEHTA,KULDEEP MATHUR
iii) where the capital asset became the property of the assessee on the distribution of the capital asset of a company on its liquidation and the assessee has been assessed to income tax under the head "Capital gains" in respect of that asset under section 46, means the fair market value of the asset on the date of distribution